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Summary of 2011 – 2013 Budget Submissions

Summary of budget submissions for Indiana public higher education institutions from 2011-2013, including expenditure adjustments and new capital projects. Details of debt service funding, capital projects, and budget process.

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Summary of 2011 – 2013 Budget Submissions

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  1. Summary of 2011 – 2013 Budget Submissions Overview of Indiana public postsecondary institutions for the 2011 – 2013 biennium Commission for higher education September 10, 2010

  2. 2009 – 2011 State Approp. for Higher Education *R&R was funded from Federal ARRA funds in the 2009-2011 Budget (2010 Only) ** Includes $16.5M of Debt Service Funding with SBA in 2010-2011 Note: Appropriations include all general and dedicated funds. No federal funds are included.

  3. 2011-2013 State Approp. for Higher Education *Assumes SSACI is held flat from 2010-2011 (Awaiting SSACI Budget Submission) ** Assumes both Institution requests and holding flat other HE line items from 2010-2011 (Continuing Analysis, Indiana Innovation Alliance) *** R&R request are state funds, does not include ARRA funding Note: Appropriations include all general and dedicated funds. No federal funds are included.

  4. 2011-2013 Total Operating Submission: State Funds *Only uses Campus Operating and Debt Service, does not include Capital, R&R, and HE Line Items Note: 2010-2011 Budget total does not include SBA Fee Replacement of $16.5M for this slide

  5. 2011-2013 Expenditure Adjustments Overall * Each Institution included items for the various Expenditure Adjustments based on formulas used in the Budget Instructions and rates/formulas for each adjustment

  6. 2011-2013 Expenditure Adjustments Detail

  7. 2011-2013 Expenditure Adjustments Detail

  8. 2011-2013 Expenditure Adjustments Detail

  9. 2011-2013 State Debt Service Funding • * 2010-2011 shows appropriated, actual total Debt Service from Institutions is $173.2M • Overall Debt Ratio: 2011 – 13.7%; 2012 – 11.2%; 2013 – 12.6% • Note: Debt Service includes all pending and approved projects from the 2009-2011 Biennium • Note: BSU and ITCCI assumed partial debt payments in 2012-2013

  10. 2011-2013 Total New Capital Projects: All Funds Note: Includes all capital projects from all funds for 2011-2013 and R&R cash requests

  11. 2011-2013 New Capital Requests: State Funds Note: If all state funded projects are approved and bonded in 2012, it would add approximately $45.5M in Debt Service Costs in 2012-2013 (20 years at 6%)

  12. 2011-2013 Ball State New Capital Projects Estimated New Debt Service beginning 2012-2013 - $2,768,160 Note: BSU assumed 9 months of debt service starting in 2012-2013

  13. 2011-2013 Indiana State New Capital Projects Estimated New Debt Service beginning 2012-2013 - $4,707,966

  14. 2011-2013 IU New Capital Projects Estimated New Debt Service beginning 2012-2013 - $0 (IU assumes debt service will be needed starting in 2013-2015 at $13.3M per year) Regional Campus Projects include: - Chiller No. 1 Replacement and Whitewater Hall Roof Replacement – IUE - Raintree Plumbing Replacement; Moraine RTU/Duct Screening; Hawthorn First Floor Renovation – IUN - Physical Science , Crestview, Activities Bldg. and Hillside Hall AHU, Ductwork & VAC Replacement, Heating/Reheating Coils; Physical Science Building Window Replacement – IUS - Main Building Renovation Phase I – IUK - Northside Hall Renovation Phase I; Admin Bldg. Window Upgrade; Riverside Hall Police/FM Renovation; Admin Bldg. First Floor Renovation - IUSB

  15. 2011-2013 Ivy Tech New Capital Projects Estimated New Debt Service beginning 2012-2013 - $12,205,838 Note: ITCCI assumed 6 months of debt service starting in 2012-2013

  16. 2011-2013 Purdue New Capital Projects Estimated New Debt Service beginning 2012-2013 - $10,113,409

  17. 2011-2013 USI New Capital Projects Estimated New Debt Service beginning 2012-2013 - $1,297,872

  18. 2011-2013 Vincennes New Capital Projects Estimated New Debt Service beginning 2012-2013 - $1,037,496

  19. 2011-2013 Budget Process September and October: Institutions present budget requests December: CHE votes on Budget Recommendations to Governor and General Assembly Budget Committee Recommends Budget to General Assembly House then Senate pass Budget Possible Conference Committee Governor signs Budget into Law Start 2011-2012 fiscal year on 7/1/11

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